Participating Whole Life Plan – Plan No. 201



This plan provides for insurance coverage throughout the life of the policyholder. This is suitable for those who wish to make adequate provision for their dependents in the eventuality of their sudden demise but cannot afford very high premium of other plans.


The main benefit of this plan is the satisfaction and mental peace that the Life Assured enjoys during his life time without bothering too much for his loved ones when he is no more.  Even though there is no maturity benefits under the policy, the policyholder has the option to take back the Sum Assured with vested bonus provided the policy has run for 40 years and the policyholder has completed his 80 years of age.

Accident Benefit

The policyholder has an option to choose Accident Benefit Rider during the term of the policy or up to the age of 70, whichever is earlier.  In the event of unfortunate death due to accident when the policy is in force, an additional amount equal to accident benefit sum assured is paid along with the claim.  (This Rider is available for a maximum sum assured of US$100,000 for an individual, inclusive of all the policies, held by him).  In case of total and permanent disability arising as a result of an accident, all future premiums to the extent of sum assured equivalent to accident benefit sum assured are waived and an amount equal to accident benefit sum assured will be paid in equal monthly installment spread over 10 years.


Attribute Minimum limit Maximum limit
Sum Assured US $ 2500 (thereafter in multiples of US $100) No limit
Age Entry 14 years (Last Birthday) 60 years (Nearer Birthday)
Term 5 years 35 years
Mode of Premium Payment Yearly, Half Yearly, Quarterly, Monthly or Single Premium.



Premium Payment

Choice of flexible premium payments, either throughout the term of the policy (Full Term option) or for a limited term of five years or single premium is available.

Policy Loan

Policyholder can raise a loan on the security of the policy after the policy has acquired paid-up value by payment of premium at least for three years from the date of commencement (two years in case of limited premium paying terms).

Paid Up Value

If premium have been paid for a period of three years (two years in case of limited term payment) and thereafter due to unforeseen circumstances, payment cannot be made, policy will automatically be converted into a paid up policy for a reduced sum assured, payable on the date of maturity or in event of unfortunate death, if earlier.



Commutation of Premium

All future premium payable for the remaining period can be made in lump sum at a special discounted rate.

Premium Sealing

One can pay premium in advance up to a period of 5 years in lump sum at a discounted rate. Unutilized portion of lump sum amount, if any, is refundable.


Policy can be transferred to LIC of India on repatriation of the policy holder to India. The transfer will be effected only if full first year’s premium is paid and on completion of one year from the date of acceptance, provided the policy is in  force for the full sum assured and on receipt of a written request from the policy holder. The sum assured and attached bonus, if any, shall stand altered to the equivalent Indian rupee amount at the rate of exchange, current on the date on which the request for transfer is received by the Company and subject to the instruction current on that date of Reserve Bank of India.